Vocabulary for Describing Business and Entrepreneurship

Here is a list of vocabulary for describing business and entrepreneurship with definitions:

  • Entrepreneur – a person who starts a business and is willing to risk failure in order to achieve success.
  • Startup – a company or organization that is in the initial stages of operation and is focused on developing a unique product or service to meet a market need.
  • Venture capital – investment funds provided to early-stage, high-potential, high-risk, growth start-up companies.
  • Pitch – a concise and persuasive presentation made to potential investors to secure funding.
  • Market research – the process of gathering and analyzing information about the market, competition, and customers to make informed business decisions.
  • Market segmentation – the process of dividing a market into smaller groups of consumers with similar needs or characteristics.
  • Branding – the marketing practice of creating a name, design, or symbol to identify a product and differentiate it from other products.
  • Sales – the act of selling goods or services to customers in exchange for money.
  • Customer service – the support provided by a company to customers before, during, and after a purchase.
  • Marketing – the process of promoting and selling products or services through advertising, public relations, and other promotional activities.
  • Operations – the process of managing and coordinating the production of goods and services.
  • Supply chain – the network of organizations, people, activities, information, and resources involved in the production and delivery of a product or service.
  • Finance – the management of money, banking, investments, and credit.
  • Accounting – the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

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